CARBON.EARTH
Challenges in India's Carbon Credit Trading Market
In India, the Perform, Achieve, and Trade (PAT) and Renewable Purchase Obligation (RPO) initiatives are designed to cut down emissions effectively. However, despite these efforts, the carbon credit trading market remains riddled with inefficiencies.
The existing infrastructure lacks sufficient transparency, creating obstacles for businesses trying to verify carbon credits and manage transactions seamlessly.
Moreover, manual processes and the involvement of intermediaries complicate trading procedures, causing delays and limiting the overall efficiency and benefits for the stakeholders involved.
Potential Market
The India carbon credit market generated a revenue of USD 4,010.5 million in 2023 and is expected to reach USD 49,448.6 million by 2030.
The India market is expected to grow at a CAGR of 43.2% from 2024 to 2030.
In terms of segment, compliance was the largest revenue generating type in 2023.
Vision
The vision is to establish a comprehensive platform for the buying, selling, and trading of carbon credits, leveraging blockchain technology to ensure transparency in transactions
Each carbon credit would be verified and represented as a token, ensuring its authenticity and security throughout the trading process.
Looking ahead, the platform aims to evolve into a stock exchange that allows equity trading in carbon-related projects, creating a unified ecosystem for sustainable investments.